Assume that you have collected a sample of observations from over 100 households and their consumption and income patterns.Using these observations,you estimate the following regression Ci = β0+β1Yi+ ui where C is consumption and Y is disposable income.The estimate of β1 will tell you
B)The amount you need to consume to survive

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The Answer of Assume that you have collected a sample of observations from over 100 households and their consumption and income patterns.Using these observations,you estimate the following regression Ci = β0+β1Yi+ ui where C is consumption and Y is disposable income.The estimate of β1 will tell you
B)The amount you need to consume to survive

Assume That You Have Collected a Sample of Observations from Over